Why Corporate Income Tax Should Be Abolished Essay

Why Corporate Income Tax Should Be Abolished - Essay Example This would make the states of working together in the nation all the more inviting. Thus, outside financial specialists would rush the nation in quest for the American dream. The principle point of the corporate annual assessment is to ensure that partnerships also have a task to carry out in country working by settling charge. The administration gives the organizations a decent situation to work together and so as to help this; the administration utilizes a considerable measure of assets. Subsequently, the enterprises should pay expense to guarantee that the administration can furnish them with such administrations that empower them to be beneficial. As much as the corporate annual assessment remains at 35%, a few partnerships have discovered approaches to bring this number down to around 12%. This is has been made conceivable through the presentation of duty discounts. Rich people will likewise discover approaches to join their riches to their corporations’ riches. This would imply that the legislature would lose more income. The creator expresses that eventually in history when the individual annual expense become high, well off people joined their riches to that of their organizations so as to pay the much lower corporate personal assessment. On the off chance that the corporate assessment was to be rejected off, it ought to be done in all around determined move. The advantages and the expenses ought to be viewed as both over the long haul and the short run. All the escape clauses should then be shut to guarantee individuals don’t exploit this as an approach to abstain from covering charges. Such a move would spell risk to the American economy.

The Media and Violent Crime :: Media Argumentative Persuasive Argument

The Media and Violent Crime        An issue that numerous corporate officials overlook is the likelihood that forceful individuals look for fortification for their own damaging acts.  Television savagery, for example, and the boundless open concern going with it have prompted calls for severe controls on the delineation of vicious projects.        In their dynamic, a few makers don't assume liability for the similarly significant minority.  Instead, they may design their substance for the masses, who hunger for explicitly unequivocal and vicious action.  Fortunately, this gathering can scatter vicious activity sanely, understanding that in reality, individuals who submit demonstrations of viciousness need to make up for their activities by assuming full liability for the damage they cause others.        Not every person can recognize truth from fantasy.  Not just is it the nonsensical individuals who carry out the wrongdoings in our nation, yet our own kids who may errantly be gaining from the very first moment that nothing awful will transpire if they shoot their sibling in the head with Daddy's gun.        Studies show that in multi week of substance investigation of prime-time yield on seven New York City channels, there were 3,421 acts and dangers of brutality observed.  Children's anecdotal amusement programs had multiple times the recurrence of savage acts or dangers recorded in grown-up programs.   (Gunter, p.13).  a considerable lot of these demonstrations were submitted with no pay for the activity without obligation, at that point it must be satisfactory behavior.  Similarly, forceful grown-ups are looking for fortification for their own enemy of social conduct from seeing alluring TV characters carry on similarly.        Behavioral proof has shown that the counter social impacts of rough TV depictions are most grounded and are destined to happen among people who are as of now aggressive.  (Palmer, p. 10).        The moral inquiry is, should TV submit to mass intrigue or take into thought the effects on specific citizenry, including children?  The outcomes of broadcasting viciousness are not just destructive to a few watchers however simultaneously influence the TV slots as loss of watchers and potentially increasing a terrible reputation.  There are numerous sources, counting watchers' affiliations and well known news coverage, which have been denouncing the portrayal of viciousness in TV programs as a conceivably hazardous and hostile to social follow up on the piece of the individuals who make and transmit programs.  (Gunter p. 2).  Still, despite the fact that these affiliations have been denouncing TV viciousness, their endeavors have had little impact on the huge cash making corporations.  Therefore, the choice, with respect to those accountable for the projects, ought to be one of social obligation.        In his article, Sex and Violence, Joe Saltzman states, If, as makers

Buying Your Books and Term Papers From an Online Store

Buying Your Books and Term Papers From an Online StoreIf you are considering going back to school and are wondering what to buy college textbooks and term papers that will serve you well in the years to come, then the best idea is to purchase the best textbooks for your degree from an online bookstore. The online bookstore offers high quality books at very reasonable prices, which will make them affordable to many.Many schools today require their students to purchase books at a particular cost before they take up a certain course. Books do not have the same value as the study materials when it comes to college. You cannot save money by buying used books since they will no longer be at the place of purchase.When it comes to books and other study materials, you can find e-books that you can download for free on the internet. There are also some sites that offer free hosting services for your e-book files and other digital content. You will not need to pay a penny to print or download a book or any other study material either.If you are looking for school textbooks and term papers then you can find them online as well. You will not have to make any purchase at all. The good thing about this is that you do not have to worry about spending your hard earned money for the books since the online bookstore will be charging the full price of the books.The study materials will keep coming up every quarter of a semester period or year. At first, you may feel that it is a burden since you will have to shell out a hefty amount of money but as time passes by, you will realize that the financial burden is actually a blessing in disguise. In addition, you will find that it will allow you to learn a lot and will enable you to build a strong foundation of knowledge.One of the biggest drawbacks for college students is the lack of time they have to study. You will not be able to sit down and finish reading entire volumes of study material within a span of a week. That is why the on line bookstore provides study material that you can download instantly. This is one of the most effective ways to manage your time.All you have to do is simply log into your account with the online bookstore and search for the right type of study material for your class. You will be provided with a list of different formats of study materials. You will be able to read and browse through the book reviews and picks before making your purchase.If you are planning to purchase textbooks, term papers and other study materials for a specific subject, then you will also find a listing of all the available options and the contents of each option. In addition, the e-book listing will give you the advantage of downloading any kind of study material you want to read on the internet. This is the way you can stay up to date with your studies without spending too much time on reading material.

Media And World Events Changed Course - 1205 Words

Throughout the last century, the way in which we receive information about the world around us has changed drastically. We no longer wait two or three weeks for letters in the mail or sit around the radio for the nightly news cap. In 2015, more than 68% of Americans owned a smart phone, while 73% owned a laptop or desktop computer (Anderson, 1). Due to the development of technology, we gather information quicker and more efficiently than we did even a decade ago but has the relationship between media and world events changed course? According to Richard Oliver Collin and Pamela L. Martin, the authors of An Introduction to World Politics, the new developments in technology surrounding the way in which we access the media has changed how we responded to world events, ultimately affecting how events play out. With the uprising of smartphones, news is constantly available at the tap of a button, virtually anywhere. News sources such as CNN, NBC, and BBC, have all developed apps in which allow users to customize the type of news they see and what news articles warrant alerts and notifications (Martin and Collin, 31). People no longer need to go to internet cafà ©s or log on to their own personal computers; breaking stories from around the globe are available almost as soon as they happen and now subscribers have the luxury to view these stories no matter their location. The idea that world events are published rather quickly came from the start of journalism at the turn of theShow MoreRelatedThe Importance of Computer-Mediated Communication757 Words   |  3 Pagessocial media. Specific aspects such as abbreviations, the collaborative self, and the real purpose of social media have been on my mind. Prior to this course, I never actually spent time thinking about how abbreviations changed conversations. I now realize how concise a message could truly be with the use of abbreviations, but at the same time, how they could be harming my spelling skills. Likewise, the idea of Collaborative self-discussed in journal 3 has changed the way I use social media and theRead MoreThe Digital Revolution Has Impacted Society1724 Words   |  7 Pages The digital revolution is truly changing the world in a rapid progression. Over the years many analog methods and products have been turning digital. We live in a mostly digital society compared to about 60 years ago , around when the digital revolution started. In the 1960s computers started to become popular in a business setting. Technology has sculpted today’s society. There are many ways that the digital revolution has impacted society. Education, businesses, medical sciences, law enforcementRead MoreWorld War II : A Watershed Event1690 Words   |  7 PagesWorld War II was considered to be a watershed event in history by many historians. A watershed event is commonly referred to as an â€Å"event or period marking a turning point in a course of action or state of affairs†. World War II was an event that changed history and the aftermath wrecked most ideas of the future before the war. After the war every party wanted to not repeat this war, so instead of peace, the world rearmed with new technologies and humanitarian ideologies to prevent any form of theRead MoreThe Effects Of Media On The Media1402 Words   |  6 PagesHistory has changed. Ideas and standards have also cha nged. Back in the day, when the media or movies showed a hint or a dash of blood, the reaction of the average person was shock and disgust at the blood and gore shown. These scenes and clips shown have become more and more extreme over the years to the level of being hazardous to society. Even in the videogame industry, certain scenes that may have caused outrage and commotion fifteen years ago are now seen as childish and may even be consideredRead MoreBuddhist Crisis773 Words   |  4 PagesThe Buddhist Crisis as a Turning Point in the Vietnam War Anonymous March 24, 2013 There were several events during the Vietnam War that can be considered â€Å"turning points†, which can be described as the occurrence of an event that changed the course of history. One such event was the Buddhist crisis in 1963. The Buddhists of South Vietnam had experienced decades of religious persecution during French colonialism that continued with the Catholic government, which was backed byRead MoreTechnology, Social Media, And Education890 Words   |  4 Pagesdevelopments in society during my lifetime thus far would be: technology, social media, and education. For my father, the three most significant new developments in society throughout his lifetime would be the Soviet/Afghan War, migration, and technology. In the past decade, technology has revolutionized the way humans in society today think, speak, work and communicate. With the rapid progression of technology, the world has become a smaller place; keeping in touch with one another is easier than ever—inRead MoreThe Internet Has Revolutionized The Way We Communicate905 Words   |  4 Pageschanging empire of technology has always fascinated the world, and how new advances in technology have helped shape the way people communicate with one another. In this case the Internet. The beginnings of the Internet were in â€Å"1969 as Arpanet , joining three colleges in California and one in Utah (Wikipedia contributors). From that point forward, the internet has become a revolution that changed the way humans communicate around the world. For example: social networks. Individuals immediatelyRead MoreA Study Of Facebook Profile Pictures1649 Words   |  7 Pagesattention to the American public this year. But the huge event that has truly shocked Americans was the November 13th attacks on Paris. In just a half hour gunmen and suicide bombers hit a concert hall, a major stadium, restaurants and bars, and left 130 people dead and almost four hundred wounded. The attacks on Paris monopolized the media, and soon no one found themselves ignorant of the events that occurred on that Friday the 13th. Immediately the world turned to France, and for the first time AmericansRead MoreMass Shootings And Terrorist Attacks1634 Words   |  7 Pagesattention to the American public this year. But the huge event that has truly shocked Americans was the November 13th attacks on Paris. In just a half hour gunmen and suicide bombers hit a concert hall, a major stadium, restaurants and bars, and left 130 people dead and almost four hundred wounded. The attacks on Paris monopolized the media, and soon no one found themselves ignorant of the events that occurred on that Friday the 13th. Immediately the world turned to France, and fo r the first time AmericansRead MoreEssay about The Cultural Change of Music1089 Words   |  5 Pages The popular culture of music has changed dramatically over the course of sixty five years. Since this time, new genres of music have been introduced, existing genres have changed, and fixed stereotypes have been associated with certain genres of music. Music has become a major part of popular culture, and is portrayed almost everywhere in first world societies, including on television, radio, at shopping centers, sporting events and in every area of popular culture. Music has become

Theories Of Behaviorism And Cognitivism Essay - 2002 Words

Introduction As two classic theories of learning and teaching, behaviorism and cognitivism have inspired a lot of great thinkers to make contributions to education. It is essential to point out the differences between the two theories so as to study how these two theories have been implemented to educational experiences. Studies have been made on the comparison on the two theories and their contribution to educational experiences. Bates (2016) had detailed analyses on the both theories and how they can be implemented to education. He states that even if these theories are relatively old but they still are of great importance to the education today since they are the basis of the modern theories. He believes that behaviorism is a teacher-led activity which means the teacher is the center and he or she must control what needs to be done, while cognitivism is based on the principle that all the information is processed by the learner itself to seek a balance with the world. Zuriff (1986) argues that behaviorists explain behaviors in terms of environments while cognitivists insist that those behaviors are closely related to the internal features of the organism. By using literary research, this essay begins with an introduction to behaviorism and cognivitism, after which it gives a comparison on the two theories. Finally, it outlined how they have contributed to the education by giving examples of their implementation in educational experiences. Behaviorism In the late 19thShow MoreRelatedLearning Theories, Behaviorism, Constructivism, Cognitivism And E Learning1546 Words   |  7 PagesThe point of this paper is to detail the three commonly used learning theories (Behaviorism, Cognitivism and Constructivism) on online courses. The description of the implication of these learning theories can add to the procedure of learning for the learner. Online learning has developed quickly in the previous couple of years in schools obliging educators to learn compelling approaches to fabricate online groups of learners. There are obstructions to avoid and key segments to incorporate, whileRead MoreLearning And Its Implications For Education Essay1271 Words   |  6 Pagesalways the case. In trying to understand the various theories of learning and their implications for education, it is helpful to realize that the term â€Å"learning† means different things to different people and is used somewhat differently in different theories.† Shuell makes an excellent point, as even though one word can have a universal shared meaning, not everyone may see it the way someone else sees it. According to Wikipedia, learning theories, â€Å"are conceptual frameworks describing how informationRead MoreLearning Theories Provide Instructional Designers With Instructional Strategies And Techniques870 Words   |  4 Pages Learning theories provide instructional designers with instructional strategies and techniques which facilitate learning. Each learning perspective discussed in this essay is in terms of specific interpretation of the learning process. The information presented provides the reader with a comparison and contrast of the differences in practical application in an instructional situation. The specific learning theories in this essay are behaviorism, constructivism and cognitivism. The essay willRead MoreLearning Theories : Theory Of Behaviorism1037 Words   |  5 PagesLearning Theories Essay Behaviorism focuses on a new behavioral pattern being repeated until it becomes automatic. The theory of behaviorism concentrates on the study of overt behaviors that can be observed and measured (Good Brophy, 1990). It views the mind as a black box in the sense that response to stimulus can be observed quantitatively, totally ignoring the possibility of thought processes occurring in the mind. Some key players in the development of the behaviorist theory were Pavlov,Read MoreLearning Theories And Their Application816 Words   |  4 Pages The different learning theories and their application in e-learning are discussed in this paper. This paper provides a clear idea of learning and the various learning theories which helps people in the acquisition of knowledge through their environments; and also the history and the role of significant people involved in the development of those theories. It also provides the information about the role of these theories in the process of making e-learning materials, or in the process of e-learningRead MoreA Reflection On Learning Theories939 Words   |  4 Pagesties into learning theories. I believe now that through being a more reflective teacher it has shaped my teaching strategy based on three different learning theories I will reflect on. Behaviorism, constructivism, and cognitivism are relatively common theories used in classrooms as ways to approach student learning. Behaviorism focuses on observable behavior, such as being able to follow two step directions to complete a task. Characteristics of a classroom that uses behaviorism would be a rewardRead MoreHow Elearning Theory Has Influenced Recent De Practice829 Words   |  4 PagesHow eLearning theory has influenced recent DE Practice Distance education has evolved in various ways over the last one hundred years. ELearning theories have influenced distance education practice throughout the years in various ways. Anderson (2008) states, how â€Å"Good theory helps us to envision new worlds, makes things, and keeps us honest. (p. 46).† The blend of online learning theories such as behaviorism, cognitivism, constructivism, and the online collaborative theory, have all played a majorRead MoreBehaviorism contends that desired behavior from people is formed by the actions and reactions of1000 Words   |  4 PagesBehaviorism contends that desired behavior from people is formed by the actions and reactions of other people rather than an individual’s own free will. This means that by carefully and deliberately shaping desirable behavior, morality and information is learned by individual, so important causes of, and motivations for behavior lie outside, rather than within an individual. Therefore for beha viorists, all learning is observable and measurable. Learning occurs in a behaviorist classroom as a resultRead MoreLearning Theories702 Words   |  3 Pageschanges, so too does the learning styles of students’ changes. Hence different learning theories such as behaviorism, cognitivism, and constructivism have been used to improve learning, performance and class involvement of student. Each of theories has distinctive features based on their individual perspectives of the learning process. In this essay, I will mainly discuss 3 things: 1) the main tenet of behaviorism and constructivism, 2) a comparison between cognitive and constructivism and 3) the implicationsRead MoreApplying Learning Theories Of Learning1469 Words   |  6 PagesApplying Learning Theory to Life PSY 331 Catherine Vivi Ashford University Instructor: Steven Peters February 9, 2015 â€Æ' Applying Learning Theory to Life Epistemology, or in other words, the theory of knowledge, is the study of knowledge, what it is, how we acquire it, and our justifiable beliefs that are included in that study. Generally, the study of knowledge is done through a philosophical method. There are four basic theories of learning; those are behaviorism, cognitivism, constructivism, and

Rbi Importance of Being at Appointed Place of Duty

RBI: The importance of being at an appointed location on time In the Army, it is common knowledge that every Service Member has to be at a certain location, in the proper attire at least ten minutes prior to the stated time put out by their Team leader, Squad leader, Platoon sergeant, or First Sergeant. When a Soldier fails to make it to that appointed place in the allotted time, their short coming contributes to a mission failure and could show early signs of potential lack of career advancement as well as a general regard of contempt toward not just the squad or platoon, but the unit itself. Soldiers who fail to make it to the location that they must be at in the time given can have catastrophic results to the mission, for example:†¦show more content†¦to make our final inspections on each other’s gear and complete the checklist of everything we were missing so as to pick up along the way. Once all that was done and we made it to the forest, we had to make four trips up and down the mountain because of the amount of gear we ha d, not to mention trying to find a suitable location to set up our base camp. When all was said and done, we had a nice roaring fire to keep us warm during the night, and a beautiful full moon to guide us in the darkness. The following day we had decided to go out and explore the whole area around us, so we would explore all the trails in a 4 mile radius around our camp, go swimming in the river we discovered, and make notes on endanger birds we found as well as towers that had been built in the times of Christopher Columbus’ visit to Puerto Rico. We also explored some caves and caverns, learned about how they were created, noting the limestone within the caves and caverns as well as the creatures that lived within them, such as bats, rats, and a crab to our surprise. In the end, none of this would have been possible without the proper planning that went into this road trip as well as the joint coordination and agreements that my friends and I had made prior to the trip itsel f. With just these few examples I’m sure it can be observed the effectiveness of how being early can have very long term beneficial effects to the execution of any plan. With regards to the functions of being a MilitaryShow MoreRelatedThe Importance of Being on Time Essay2203 Words   |  9 PagesI have showed up for weapons draw late. As a result of my actions I am serving my punishment in the form of this RBI. In the United States Military, tardiness is unacceptable. I could write a bunch of excuses on why I was late but the fact of the matter is, there is no excuse. In life and especially in the Army you have to understand that there are consequences for every action that you take, and no matter if there is an excuse you always have to remember that there are no excuses in life. WhenRead MoreIndustrial Disputes3448 Words   |  14 Pagescollective bargaining, unfair practices. Political causes: Political leaders have use unions as powerful weapons to build tensions inside a plant/industry with view to satisfy their own private ends on number of occasions, especially in unionised places like Mumbai, Ahmedabad, Kanpur, Culcutta, etc. 2.0 Settlement of Disputes The different Methods for prevention of industrial Disputes are shown in the chart. Usually they are divided in two groups: A. Voluntary Methods B. StatutoryRead MoreDisrespect in the Military Essay2217 Words   |  9 Pagesand so forth. I could have avoided this entire situation completely by just bringing in my gear like I was instructed to do and then saying that I did not think I should have my weapon because of the difficulty I am having controlling myself and not being sure of the effects of the new medication on top of all of my personal issues. I had already requested and was given the chance to get out of the army with a General under Honorable conditions. I realize that I have been taking time away from arguablyRead MoreRole of Bc/Bf in Financial Inclusion16135 Words   |  65 Pagesfacilities, overdraft facilities and credit card. Further, a number of other financial products, such as insurance and pension products, necessarily require the access to a bank acc ount. Employment Guarantee Scheme of the Government which is being rolled out in 200 districts in the country would bring in large number of people through their savings accounts into the banking system. It paves the way for establishment of an account relationship which helps the poor to avail a variety of savingsRead MoreComparative Study of Commercial Banks and Co-Operative Banks20279 Words   |  82 Pagesboth meaning bench. It is surmised that the word would have drawn its meaning from the practice of the Jewish money-changers of Lombardy, a district in North Italy, who in the middle ages used to do their business sitting on a bench in the market place. Again, the etymological origin of the word gains further relevance from the derivation of the word Bankrupt from the French word Banque route and the Italian word Banca-rotta meaning Broken bench due probably to the then prevalent practiceRead MoreBanking Concepts and Practices39548 Words   |  159 Pages |CONCEPT EVOLUTION | |TYPES OF MONETARY POLICIES |CORE BANKING | |RBI MONETARY POLICY |VIRTUAL BANKING | |LIMITATIONS |E-PAYMENTS Read MoreNbfc13828 Words   |  56 Pagessmall in size and are owned privately. The NBFCs have grown rapidly since 1990. They offer attractive rate of return. They are fund based as well as service oriented companies. Their main companies are banks and financial institutions. According to RBI Act 1934, it is compulsory to register the NBFCs with the Reserve Bank of India. The NBFCs in advanced countries have grown significantly and are now coming up in a very large way in developing countries like Brazil, India, and Malaysia etc. TheRead MoreAnalysis Of Computerized Banking System- Hdfc Bank10232 Words   |  41 Pagessubmitted in partial fulfilment of the award of the Post Graduate Diploma in Management of the IMT University, Noida, has been carried out by me under the guidance and supervision of Mr. Lalit Taneja during the academic semester 2014-15. It has also not being submitted by me or any body for the award of any other degree or diploma of this or any other institution earlier. Date: 20-May-2015 ACKNOWLEGEMENT I would like to express my deepest gratitude to my supervisorRead MoreBusiness Journalism in India26104 Words   |  105 PagesBusiness and Magazine Journalism (combination of Niche I and II) 1 Growing importance of business journalism, a brief history (2) 2 The structure of financial management in the country starting with the Finance Minister, (5) rest of the bureaucracy, RBI governor, Planning Commission, SEBI, Banking sector 3 The Budget preparation and presentation, factors influencing the annual budget, role of (5) subsidies and foreign exchange reserves 4 Companies, balance sheets, AGMs window dressingRead MoreMoney Laundering13123 Words   |  53 Pagesof money which is illegally obtained, so as to make it appear to originate from a legitimate source. Money Laundering is being employed by launderers worldwide to conceal criminal activity associated with it such as drug / arms trafficking, terrorism and extortion. Robinson states that â€Å"Money laundering is called what it is because that perfectly describes what takes place – illegal, or dirty, money is put through a cycle of transactions, or washed, so that it comes out the other end as legal

Gas War Essay Example For Students

Gas War Essay Gasoline is produced by a distillation process where crude oil is heated and fumes are captured and converted into many products such as kerosene, jet fuel, and gasoline to name a few. Therefore the price of crude oil, which is extracted from oil wells beneath the earths surface, is a major factor in gas prices. The five leading oil-producing countries and their approximate shares of the world supply of oil are: Soviet Union 21%, Saudi Arabia 17%, The United States 15%, Venezuela 4%, and Mexico 4%. These five countries made up 61 % of the worlds oil production back in 1980. Even though The United States is a major producer of oil, it does not make them self-sufficient. The United States uses more oil than they can produce and must look towards foreign countries. An organization called O.P.E.C. controls approximately four fifths of the worlds oil reserves in the non-communist world. The United States is forced to deal with O.P.E.C., not only in its own interests, but also in the inter est of its allies and in the interest of maintaining peace. The former Soviet Union may now have an interest in selling some of their oil that they have a tremendous amount of. O.P.E.C. which stands for Organization of Petroleum Exporting Countries, is made up of 13 countries: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, and Gabon. O.P.E.C. was founded in Baghdad, Iraq in September of 1960. It was organized in response to oil producing countries that did not consult with the Middle Eastern oil states before lowering their crude oil prices. The producers feared that other countries would establish monopolies. The aim of O.P.E.C. was to create a universal price between the countries, in order to ensure peace between oil producers throughout the world. O.P.E.C. also wanted to provide its members with technical and economic support in times of need, since not all the countries were completely stable. The headquart ers were initially set in Geneva, but were later moved to Vienna in 1965. O.P.E.C.’s goal was to establish firmly unified prices amongst their members, but the organization was not always successful. In their quest for control over the world market of oil production, they have ran into several obstacles and setbacks. O.P.E.C. has barely survived being eliminated due to internal conflicts amongst its members. Since O.P.E.C. almost has a strangle hold on the worlds oil supply, The United States is extremely concerned with the areas instability. The Middle East and the Persian Gulf area, where most of the members are located, are extremely prone to wars, both civil and cross borders, plagued by religious battles, and positions of power are frequently overthrown, making it hard for any stability to come out of the area. Any time there is chaos in the Middle East, The United States thinks back on †¦memories of other troubles in the Persian Gulf area: the Arab oil embargo in 1 973-74, the Iranian revolution in 1979-80 and Saddam Hussein’s invasion of Kuwait in 1990. (1) The area is also vital to our allies, who would be crippled without Gulf oil, whose livelihood we are dependent on. In 1973 O.P.E.C. raised oil prices 70%. The dominant Middle Eastern members of O.P.E.C. used succeeding price increases as a political weapon aimed at Western nations in retaliation for their support of Israel against its Arab neighbors in the so-called Yom Kippur War of October 1973. Prices were accordingly raised another 130% at the Tehran conference of December 1973, and a temporary embargo was placed on the United States and the Netherlands at the same time. Other prices increases followed in 1975, 1977, 1979, and 1980, which ultimately raised the price of a barrel of crude oil from United States $3.00 in 1973 to $30.00 in 1980. (2) Almost every college student has heard stories from friends or relatives about the gas crunch in the 1970’s. People waited in l ines that stretched for miles, and could only get gas on certain days depending on the first letter of your last name. O.P.E.C. used the money they raised to invest in other countries, placed in foreign banks, currency markets, and to help their own economies through inner development. O.P.E.C. is also extremely interested in maximizing profits, but in such a cartel, it is impossible to find a price that will maximize profits. O.P.E.C. has attempted to raise prices several times by cutting production. According to economic theory, a decrease in supply will yield higher prices. These are some of the reasons The United States must offer stability and continue to have troops in the area, intervening when the worlds oil and its prices are in jeopardy. Currently crude oil prices are rising due to the bombings in Saudi Arabia. †¦It has continued to soar, to more than $24 a barrel, up 34% from one year ago, the highest level since the 1991 Persian Gulf War. (3) This increase has been contributed to several factors: 1) the rising demand of crude oil throughout the world 2) the tight inventories because of the belief that supplies are going to run low 3) the current turmoil that exists in the area and 4) heating demands of the abnormally cold winter. These factors have already raised the prices of diesel fuel, jet fuel, and home heating oil. This is of major concern to truckers, airlines, and home heating oil companies. As a result of these price increases, airline ticket prices will also increase. These are just a few of the elements that effect prices, but none of them have the power to greatly change the price that exist at the pumps. The demand of crude oil is always cyclical. The United States demands more gasoline in spring and summer months than in the fall or winter, due to people driving more. The current trend in vehicles has moved to larger sport utility vehicles from small economy cars of the past and consume more gas and get less miles per gallon. The country is constantly searching for new and more efficient forms of energy. More importantly the country is searching for means of energy that will not make Americans poorer. The following chart shows the price of oil per barrel over the last year. These prices match the increases that take place at the pumps. Countries around the world are hanging on the decision of Iraq, regarding renewal of oil sales. However, the fact remains that if Iraq indeed decides to renew oil sales, will prices really drop? Even if Iraq gets back into the business of selling oil, it would be unlikely to cause a drastic shift in the price of a gallon of gasoline. Saddam Hussein’s actions have not been stable in the last few months. Iraq was supposed to begin exporting on Memorial Day, but due to erratic behavior, talks have been put on the back burner. Since there are so many factors involved, even if Iraq exports a tremendous amount of oil, consumers will probably not know the difference. Other fa ctors, other than the demand and price of crude oil in the world effect prices. Several interruptions in The United States production of oil has staggered the countries production. The United States is the only major oil-producing country where oil producing grounds are owned by the land owner and not property of the government. This makes for inefficient drilling since one party is not completely responsible for gathering all the oil. Average production per well is only 15 barrels per day, far less than any other oil producing countries. Alaska has the best oil producing land, but due to the land and harsh climate, it makes it hard to gather. It is also very expensive to develop methods of transportation which slows gathering of the oil. Several refineries—on the West Coast, in the East and on the Gulf Coast – have experienced operational difficulties which affected product supplies in the marketplace. (4) It is rumored that their are supply tanks buried somewhere nea r the Gulf of Mexico that could support the country for 66 days if anything were to happen. The United States and other countries have been looking into alternative forms of energy in order to lower their dependency towards foreign oil. Money is being spent into researching solar, hydro, nuclear, and alternate forms of energy. Government regulations also create changes in gas prices. California has recently gone threw price increases at the pumps due to new legislation. The state is heavily overpopulated and has the worst smog of all the states. California gas stations are changing to a cleaner gas that will cause less air pollution, but will be more expensive. The increase is approximately 10-12 cents. That is the price Californians are going to have to pay for cleaner air. Another government regulation is aimed towards the refiners of the oil. The government is putting pressure to change from their winter grades which are oxygenated, to summer grades that have lower evaporability, helping the environment. These costs to switch fuel show up at the pumps, the public has to pay for governmental research and environmental precautions. The United States doesn’t have it as bad as some other countries. The U.S. pays an average of $1.21 per gallon of gasoline. Japan pays $5.35/gallon, Germany pays $4.04/gallon, The United Kingdom pays $3.38/gallon and Mexico pays $1.55/gallon. All four are significantly more than the United States pays. Taxes are the largest component of the prices we pay at the pumps. Taxes were the single largest component cost of gasoline, amounting to 42.4 cents per gallon, including 18.4 cents per gallon in federal taxes, 22 cents per gallon in weighted average state taxes and an estimated 2 cents per gallon in local taxes. (5) The President of The United States of America, Bill Clinton, has on several occasions proposed to increase the taxes put on gas. In 1993 Clinton proposed a gas tax that raised the prices at the pumps by 7.5 cents per gallon, a 6% increase of the price. Then in 1996, Bill Clinton made a proposal to raise gas taxes by an additional 2.5%. Clinton wanted to raise prices 10 cents per gallon overall in his four years in office, all part of his deficit reduction plan. (6) Clinton’s entire campaign was based around not hurting the American people with taxes, but once in the white house, has made the record books with the highest amount of gasoline taxes ever. Taxes are so much a part of the prices we pay that †¦in 1981 when pump prices where at an all time high of $2.27 per gallon, the taxes were just 27.7 cents per gallon. The real cost of motor gasoline to consumers fell by about a dollar per gallon between 1981 and 1995, but over the same period federal, state and local motor gasoline taxes increased by nearly 15 cents per gallon. (7) Taxes in the United states have increased an average of 15.6% in the last three years. mThis chart shows some United States cities and the price increas es. Many factors influence the prices of gasoline. Gasoline prices are affected by the price of crude oil in the world market, supply and demand for gasoline, local market competition, temporary supply interruptions, government regulations, or taxes. Everyday new things can happen to change the prices that American consumers pay at the pumps. The United States is dependent on foreign oil and must continue to ensure stability in the Middle East, or until we have found alternate sources of energy. Taxes will continue to climb due to the rise of government control. Regulations will continue to become stricter until gasoline usage is more environmentally friendly. It looks as if gas prices will continue to fluctuate, but over time will tend to rise. .ueacd78ec580dbfcb38158f5d55681aff , .ueacd78ec580dbfcb38158f5d55681aff .postImageUrl , .ueacd78ec580dbfcb38158f5d55681aff .centered-text-area { min-height: 80px; position: relative; } .ueacd78ec580dbfcb38158f5d55681aff , .ueacd78ec580dbfcb38158f5d55681aff:hover , .ueacd78ec580dbfcb38158f5d55681aff:visited , .ueacd78ec580dbfcb38158f5d55681aff:active { border:0!important; } .ueacd78ec580dbfcb38158f5d55681aff .clearfix:after { content: ""; display: table; clear: both; } .ueacd78ec580dbfcb38158f5d55681aff { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ueacd78ec580dbfcb38158f5d55681aff:active , .ueacd78ec580dbfcb38158f5d55681aff:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ueacd78ec580dbfcb38158f5d55681aff .centered-text-area { width: 100%; position: relative ; } .ueacd78ec580dbfcb38158f5d55681aff .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ueacd78ec580dbfcb38158f5d55681aff .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ueacd78ec580dbfcb38158f5d55681aff .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ueacd78ec580dbfcb38158f5d55681aff:hover .ctaButton { background-color: #34495E!important; } .ueacd78ec580dbfcb38158f5d55681aff .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ueacd78ec580dbfcb38158f5d55681aff .ueacd78ec580dbfcb38158f5d55681aff-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ueacd78ec580dbfcb38158f5d55681aff:after { content: ""; display: block; clear: both; } READ: Mathew Shepard Case Brief Essay Bibliography:no comment